Category: 桑拿

銆愰搏楸兼堡鍙互鏀鹃唻鍚椼€慱椋熼唻_鎬庝箞鏀?
椴奔姹ょ殑钀ュ吇锷熸晥鏄潪宁镐笉阌欑殑锛屽畠闱炲父镄勬湁锷╀簬淇冭繘镶犺傻镄勫惛鏀跺拰娑壒鍒€傚悎鑰佸勾浜哄拰瀛╁瓙鍜岃兘澶熻ˉ鍏呰泲鐧借川锛岃兘澶熻ˉ鍏呯熆鐗╄川鍜岀淮鐢熺礌锛岃€屼笖瀵逛簬浜у鏉ヨ锛屽枬涓€鐐归浮姹よ繕鑳藉淇冭繘涔虫眮鐨勫垎娉岋紝鍦ㄥ仛椴奔姹ょ殑鏃跺€欐槸鍙互鏀句竴鐐归唻鐨勶紝杩欐牱鏈夊緢濂界殑绁涜叆鐨勪綔鐢ㄣ€?椴奔姹ゅ彲浠ユ斁閱嬪悧鍋氶奔涓€寮€濮嬬殑鏃跺€欏姞鐐归閱嬫垨婊村嚑婊存煚妾眮涔熸槸涓嶉敊鐨勬柟娉曘€傛澶?鐑硅皟鏃跺姞鍏ヨ懕銆佸銆佽挏绛変綈鏂欎篃鑳芥湁鏁堝幓鑵ャ€?楸兼堡閫傚悎鍝簺浜哄枬楸兼堡鍙嫢鏈夎緝寮虹殑婊嬭ˉ浣滅敤,閫傚悎涓€佸勾浜哄拰浣撹兘铏氬急鑰?灏ゅ叾鏄骇濡囧彲浠ラ€傞噺澶氬枬涓€浜?瀵规粙琛ヨ韩浣撴湁寰堝ソ鐨勬晥鏋溿€備笘涓婇奔鐨勭绫婚潪甯稿,鑰屼笖楸兼堡鐨勫仛娉曚篃鏄緢澶?姣忔楸兼堡鐨勮惀鍏讳环鍊奸兘鍚勪笉鐩稿悓,鍥犳,澶у鍙互鏍规嵁鑷繁鐨勯渶姹傛潵鍋氶奔姹ゃ€?You can use it to save the peak, and you can use the patent to save the peak, and you will be able to use the patent, and you will be able to use it! 7!琛ヨ泲锏借川楸兼堡鐗瑰埆阃效悎闾d悎闾key簺锲犵缁忕揣寮犲拰铡嫔姏冲姩key姩¤鍓嶅枬涓€纰楅奔姹や笉浣嗚ˉ鍏呴挋璐?杩樿兘鏄庢樉鎻愰珮鐫＄湢璐ㄩ噺銆傞奔姹や腑鎵€鍚浜轰綋鏈夊鐨勮儐鍥洪唶浠呬负鐣滅鐨?/ 5 涔 冭 呖 1/3, 璗 埆 叆  奔 姹 ゅ 惈 餈 夊 ぇ Read the 啕 搗 ╂Tsubaki х 噿 璐?杩欑被鐗╄川鍙湁鏁堝湴棰勯槻澶辩湢鍙婂績琛€绠＄柧鐥呫€傞搏楸兼湁鐩婃皵鍋ヨ劸銆佹竻鐑В姣掋€侀€氳剦涓嬩钩銆佸埄姘存秷鑲跨瓑鍔熸晥銆傘€婃湰鑽夌粡鐤忋€嬭鈥滈搏楸艰皟鍛冲厖鑲?I’m not sure about it, I’m going to leave it, I’m going to leave it, don’t you?椴  逄 銄 鍄 鍏 鍏 鍏 鍏 壒 駣 覣 槸 槸 钀 ュ 绱 犲 叏 闱?钖  獸 鍒 嗗 , 雴 傝 偏 灏?鍚湁涓板瘜鐨勮泲鐧借川銆佸绉嶇淮鐢熺礌銆佸井閲忓厓绱犲強浜轰綋鎵€蹇呴渶鐨勬皑鍩洪吀,鎵€浠ュ悆璧锋潵鏃㈤矞瀚╁張涓嶈偉鑵?杩樻湁鐐圭敎涓濅笣鐨勬劅瑙夈€傚父鍚冮搏楸间笉浠呰兘鍋ヨ韩,杩樿兘鍑忓皯鑲ヨ儢,鏈夊姪浜庨檷琛€鍘嬪拰闄嶈鑴?Huan Kuahan, Han, sorrow, sorrow, sorrow, sorrow, sorrow, sorrow, sorrow, sorrow, sorrow, sorrow, sorrow, sorrow, sorrow, sorrow, sorrow, sorrowWorld Cup  浜 у  閮 or fine  complex 鱖 屴 玴  棶 棰?涔虫埧涓嶅嚭濂躲€傚瀛愰タ浜嗗繀椤昏鍠濇瘝涔?What is the tweezer, the worm, the worm, the worm, the worm, the worm, the worm, the worm, the gallium, and the gallium, the father, and the father, picking the pickaxe?Are you so thin that you’re getting thinner?鍏朵腑涓嬪ザ椴奔姹ょ殑鏁堟灉灏遍潪甯哥殑濂姐€備笅濂堕搏楸兼堡鏄竴绉嶆堡鍝?瀹冧富瑕佹槸閲囩敤鏂伴矞鐨勯搏楸笺€佸鐗囧埗浣滆€屾垚,鏈変簺浜轰负浜嗚椴奔姹ゆ洿鍔犵殑椴滅編,浼氬姞鍏ヤ竴浜涚槮鑲夈€佽眴鑵愮瓑绛夈€傚畠鐨勮惀鍏婚潪甯哥殑涓板瘜,鐗瑰埆鏄暣鍚殑铔嬬櫧璐ㄦ嗚 鍒 旪 Ning Ge You Hao?What’s the difference? What’s the difference? What’s the difference? What’s the difference? What’s the difference? What’s going on? What’s going on?What are you going to do? Hook jars, cocoons, teas, teas, tea boards, chopped, chopped, chopped, chopped, chopped, chopped, chopped, chopped, chopped, chopped, chopped, chopped, choppedThe power of the pot is not the same as the flag of the country, and the song of Ning Ge, the chain of the birch and the tree, and the father is borrowed, and the father is borrowed, and the father is borrowed.鏉ラ潪甯稿鐨勮惀鍏汇€傚浜庡垰鍒氱敓瀹屽瀛愯韩浣撳繀椤昏櫄寮辩殑濡堝鏉ヨ瀹冩洿鏄竴閬撻潪甯稿ソ鐨勬粙琛ュ搧,鍦ㄦ暣涓仛鏈堝瓙鏈熼棿閮藉彲浠ュ悆銆

銆愯妺澶磋鐓涔呫€慱鎬庝箞鐓甠濡備綍鐓?
憶 у 鐭 ラ 間  奕 楗  鍙 Hu Xuanxuanxianxianxianjuanjuanjuluozhen town 犱 箙 銆 丹 渶 鍗 逨 椃 氃 憃 熖What are you doing? Do you want to go to the end? Do you want to go to the end of the world?涓嶄粎浠呮槸閰嶆枡涓婄殑涓嶅悓杩樺垎涓鸿捀銆佺偢銆佺叜銆併€佺倰銆佺剸銆佺瓑绛墶！！！！ｇ畝鐩翠笉鍙儨鏁帮紝姣忕鍋氭硶鍙堝垎涓哄緢澶氭敮绯汇€備笉鍚屽湴鏂圭殑浜烘牴鎹笉鍚屽湴鏂圭殑鍙ｅ懗閫夋嫨鑷繁鍠滄鐨勮彍绯汇€備粖澶╄浜嗚В鐨勪富瑙掑氨鏄妺澶翠簡锛岃鎴戜滑鐪嬬湅鑺嬪ご鍒板簳鏈夊灏戝仛娉曪紝浠ュ強鍚勭鍋氭硶鐨勭壒鐐广€傝繕鏈変粖澶╃殑闂锛氳妺澶磋鐓涔?.濡傛灉浣犳暣涓斁杩涚叜鐨勮瘽灏辩畻鐓嚭鏉ヤ篃涓嶅ソ鍚冧簡锛屽洜涓轰綘娌℃湁鎶婅妺澶村垏寮€锛岃妺澶村闈㈤偅灞傜叜鐔熶簡锛岄噷闈㈣繕鏄敓鐨勩€傚氨绠楃叜閫忎簡锛岄偅涔熷緢闅惧悆锛? In the world, the real world is not good enough. It ‘s 40. It ‘s 40%. It ‘s not so good. It ‘s very difficult. It ‘s very hard. It ‘s very rugged. It ‘s very rugged.洊鐩栧瓙锛屽ぇ鐏儳寮€鍚庡啀鐓?5-20: The effect is very good, and the peak is very simple. It ‘s easy to make a simple note. It ‘s a good idea. It ‘s a good idea. It ‘s very effective.儌浜涳紝鍙互澶氭斁鐐规按鐒栦竴浼氥€?.This is not a good idea. You can read the broken chain and keep it stable and beautiful, and you will be able to see if you are in the same way. You ca n’t do it. You ca n’t do it.屼笉濂芥竻娲楋紝鑰屼笖寰堝浜哄洜涓烘竻娲楀洶闅炬€讳篃鎳掑緱鐑归オ锛屽叾瀹烇紝浜轰滑濡傛灉瀛︿細鍒╃敤钂哥殑鏂瑰紡鏉ユ礂鍘昏妺澶寸殑钀ュ吇鎴愬垎锛屽韬綋鍋ュ悍鏄潪甯告湁鐩婄殑锛屼笉浣嗗彲浠ュ紑鑳冨仴鑴撅紝杩樺彲澧炲己鎶垫姉鍔涳紝浣嗘槸鑺嬪ご瑕佽捀澶氫箙鍛?钀ュ吇涓撳寤鸿锛岃妺澶存渶濂界殑鍚冩硶鏄捀鐫€鍚冿紝褰撶劧涔熸湁寰堝鍏朵粬鐨勭児楗柟寮忥紝浣嗗湪姝や负澶у鎺ㄨ崘鏈€濂界殑鐑归オ鏂瑰紡灏辨槸钂革紝浣嗘槸寰堝浜洪兘涓嶇煡閬撳浣曡捀锛岃妺澶磋 钂 Draft  涔?The most common lawsuits are: lawsuits, lawsuits, and hydrogen lawsuits. These are the most common ones. These are the most common ones. They are the most common ones.紝褰撶劧鏃堕棿寰堢煭锛屾湁鐨勫垯閲囩敤涓€鑸殑閿呮潵钂革紝褰撶劧鏃堕棿涔熷彲浠ユ洿闀夸竴鐐癸紝杩樻湁锛屾牴鎹瘡涓汉鐨勫彛鎰熶笉鍚岋紝鏈夌殑鍠滃ソ鍚冩洿杞殑鑺嬪ご锛屾湁鐨勫垯鍠滄鍚冪‖涓€鐐瑰効鐨勮妺澶达紝姣斿濠村効鍒欓渶瑕佽捀鐨勬洿杞粰浠栧悆锛岃€屾垚骞翠汉鍒欏彲浠ュ皯钂镐竴浼氬効銆傚洜姝わ紝鍏蜂綋钂稿涔呰嚜宸辫鎶婃彙濂姐€備竴鑸儏鍐典笅锛岃捀15鍒嗛挓宸﹀彸鍗冲彲銆?.鑺嬪ご鍙堢О鑺嬨€佽妺鑹匡紝澶╁崡鏄熺妞嶇墿鐨勫湴涓嬬悆鑼庯紝褰㈢姸銆佽倝璐ㄥ洜鍝佺鑰屽紓锛岄€氬父椋熺敤鐨勪负灏忚妺澶淬€傚骞寸敓鍧楄寧妞嶇墿锛屽父浣滀竴骞寸敓浣滅墿鏍藉煿銆傚彾鐗囩浘褰紝鍙舵焺闀胯€岃偉澶э紝缁胯壊鎴栫传绾㈣壊锛涙鏍熀閮ㄥ舰鎴愮煭缂╄寧锛岄€愭笎绱Н鍏诲垎鑲ュぇ鎴愯倝璐ㄧ悆鑼庯紝绉颁负鈥滆妺澶粹€濇垨鈥滄瘝鑺嬧€濓紝鐞冨舰銆佸嵉褰€佹き鍦嗗舰鎴栧潡鐘剁瓑銆傛瘝鑺The chains are soaked, they’re so close together, they’re very close to each other, and they’re not as good as those that can’t be found in the world.褰㈡垚灏忕殑鐞冭寧绉颁负鈥滃瓙鑺嬧€濓紝鍐嶄粠瀛愯妺鍙戠敓鈥滃瓩鑺嬧€濓紝鍦ㄩ€傚疁鏉′欢涓嬶紝鍙舰鎴愭浘瀛欐垨鐜勫瓩鑺嬬瓑銆?.銆愪富瑕佺敤閫斻€戣惀鍏讳赴瀵岋紝鍚湁澶ч噺鐨勬穩绮夈€佺熆鐗╄川鍙婄淮鐢熺礌锛屾棦鏄敩鑿滐紝鍙堟槸绮锛屽彲鐔熼銆佸埗骞叉垨鍒剁矇銆傜敱浜庤妺澶寸殑 娣€绮夐绮掑皬锛屼粎涓洪┈閾冭柉娣€绮夌What are you talking about? What are you talking about?8.8 锕  纴 鍦 ㄨ 妺 澶 村 宸 宸 楠 銱 ㈠ 彲 鍒 卒 垚 呺 嬬 嬬 卙 卙鑺嬫偿棣呬互寤堕暱淇濆瓨銆傝妺澶翠篃鍙綔涓鸿璧忔鐗╋紝绫讳技 钄撶豢缁掑強 涓囧勾闈掋€傘€愬鐞嗘柟娉曘€戣妺澶村墛鐨箣鍚庡鏋滄病鏈夐┈涓婅浣跨敤锛屽繀椤绘蹈娉′簬姘翠腑銆傛渶浣崇殑鍓婄毊鏂规硶鏄湪娴佸姩鐨勬按涓垨鎴存墜濂楀鐞嗭紝鍥犱负鑺嬪ご鐨勯粡娑蹭細浣跨毊鑲よ繃鏁忋€傘€愮児璋冩柟娉曘€戝彲姘寸叜锛屾椂闂村ぇ绾?0 Rouqianzhaben Shen Shouuu eng well-ping (iii) Gan 钂 Gerencenzeng Chiqie wa Ren Zuduonichan х harm 25 Rouqian Zhabenwucheng Tuan  Yongxiangbianxi Right-Hua Gou distinguish Fugongjuanyou XiaWhat are you going to do to make up for the rudder?What’s the difference? How can you tell me how to do it? If you want to know what’s going on, what’s the difference?崄鍑犲垎閽燂紝鍛抽亾鏋佸叾缇庡懗銆傛姒旇妺钂哥啛锛涙崳鐑傦紱璋冧互瓒冲鐨勯娌广€佺硸銆佺倰鐔熺殑鑺濋夯璞嗙矇绛夛紝鍐嶈捀10鍒嗛挓锛屽垯鏄竴閬撻鐢滃彲鍙ｇ殑 闂借彍鈥滆妺娉ワ紝寰堝彈娆㈣繋銆傘€愯妺澶磋嵂鐢ㄣ€戜腑鍖昏涓鸿妺澶存湁寮€鑳冪敓娲ャ€佹秷鐐庨晣鐥涖€佽ˉ姘旂泭鑲剧瓑鍔熸晥锛屽彲娌昏儍鐥涖€佺棦鐤俱€佹參鎬ц偩鐐庣瓑銆傛牴鎹惀鍏诲垎鏋愶紝鑺嬪ご鍚湁閱ｇ被銆佽喅椋熺氦缁淬€佺淮鐢熺礌B缇ゃ€侀捑銆侀挋銆侀攲绛夛紝鍏朵腑浠ヨ喅椋熺氦缁村拰閽惧惈閲忔渶澶氥€傝妺澶村張鍚嶈妺鑹匡紝涓哄ぉ 楁 楁 槦 cre 戝  銞 chong 咓 幋 幋 幰 幰 幋 广 呺 嬬 卑 鍦 鍦 鍦 鍦 獅 餎 夎 川 鐞 冭 宁 銆 傝妺澶村彛镒熺粏杞纴缁电敎棣欑朝锛岃惀鍏任意环链艰苦的繎浼间簬鍦熻眴锛屽张涓嶅惈骨折栾懙绱狅纴鏄璧蜂腑姣掋€傛槸涓€绉嶅緢濂界殑纰辨€ч鐗┿€傝妺澶村彲钂搁鎴栫叜椋燂紝浣嗗繀椤诲交搴曡捀鐔熸垨鐓啛銆傝妺澶存€у钩锛屽懗鐢樸€佽緵锛屾湁灏忔瘨銆傝兘鐩婅劸鑳冿紝璋冧腑姘旓紝鍖栫棸鏁ｇ粨銆傚彲娌诲皯椋熶箯鍔涖€佺棔鐤＄粨鏍搞€佷箙鐥究琛€銆佺棃姣掔瓑鐥呯棁銆傝妺澶存墍鍚殑鐭跨墿璐ㄤ腑锛屾盁鐨勫惈閲忚緝楂橈紝鍏锋湁娲侀娇闃查緥銆佷繚鎶ょ墮榻跨殑浣滅敤銆傝妺澶翠腑鍚湁澶氱寰噺鍏冪礌锛岃兘澧炲己浜轰綋鐨勫厤鐤姛鑳斤紝鍙綔涓洪槻娌荤檶鐦ょ殑甯哥敤鑽喅涓婚銆傚湪鐧岀棁鎵嬫湳鎴栨湳鍚庢斁鐤椼€佸寲鐤Strong and rugged, rugged and rugged ▼ trickle down渶Huan Ping pumping   Diemochancuo Uu ㄦ Nan Pinglimaochan?鐓€佽捀銆佹厬銆佺儰銆佺儳銆佺倰銆佺儵銆佺偢鍧囧彲銆傛渶甯歌鐨勫仛娉曟槸鎶婅妺澶寸叜鐔熸垨钂哥啛鍚庤樃绯栧悆锛涜妺澶寸儳鑲夋垨灏嗚妺澶村垏鎴愪竵鍧楋紝涓庣帀绫虫幒鍦ㄤ竴璧风叜绮ャ€?

The company follows the production mode of “determining production by sales” and exploring high-quality customer resources through new retail channels including online, offline, and zero-pressure housing, and maintains high profit levels with high value-added orders.

Export business: The company responds to the new global economic layout in many countries, Serbia bases have been put into production, Thailand and the United States have not followed up, and the export business; the layout of the US West: the choice of report, the 淡水桑拿网 subsidiary Hengkang Hong Kong intends to acquire the US and Western furniture comprehensive retailer MORNo more than 85% of the shares, to build a US sales center, complete global layout.

Domestic sales business: Based on its subsidiary Shanghai Meng Lily, relying on online platforms to adapt products and expand the domestic sales market in various aspects.

The company is gradually expanding in the export market, and the domestic sales business is gradually opening. It is constantly seeking new profit growth points. From Q1-Q3 in 2019, the overall revenue has increased by nearly 25%.

Gross profit margin continued to improve, and Q3 fee control improved.

25pct, mainly due to the growth of high value-added services such as memory foam mattress business.

Expense rate is 20 during Q1-Q3 2019.

78%, an increase of 3 per year.

05pct; sales expense ratio 13.

32%, a year to raise 0.

45 points; management expense ratio 5.

98%, a year to increase 0.

85pct; financial expense ratio is 0.

39%, an increase of 0 a year.65pct, mainly due to the substantial increase in H2 expense ratio.

Expense rate during 2019Q3 is 15.

55%, down by 1 every year.

01pct, down 7 from the previous month.

16pct; selling expense ratio 12.

63%, a decline of 0 every year.

56 points, down 3 from the previous quarter.

45 points; management expense ratio 4.

53%, a decline of 0 every year.

11 points, down 3 from the previous quarter.

59 points; financial expense ratio -1.

61%, a decrease of 0 per year.

34 points, down from the previous month.

12pct.

In the first two quarters, due to the influence of channels and overseas layout, the expense ratio increased, and Q3 improved significantly.

Layout foreign production and sales bases, and open up vast domestic markets.

Industry scale. At present, the global mattress consumption scale continues to expand. Among them, memory foam mattresses are gradually increasing. As a leading company in memory foam household products, the company is expected to benefit from the overall growth of memory foam products industry.

The scale of the company, Meng Lily’s expansion in production, channels and brands, has long-term development strength.

We maintain the company’s expected net profit attributable to mothers for 2019-2021.

40, 4.

23, 5.

10 ppm, corresponding to the current market value of PE is 16, 13, and 11 times. Because the company is listed on the market with the largest export volume of memory products and stable customers, considering the company’s steady growth in overseas revenue and the potential for rapid development of the internal marketWe maintain the company’s 22x PE forecast for 2019, corresponding to a target price of 23 yuan per share. Due to the impact of the macro environment, the company still has some uncertainties in its overseas business. We maintain a “recommended” rating.

Risk Warning: The real estate market is worse than expected, and changes in exchange rates lead to changes in maximizing profits.

Yangtze Power (600,900) company dynamic comment: $ 3.6 billion acquisition of Peru’s distribution of electricity assets new performance growth point
Event: The company announced an investment in a South American power distribution project.This comment is as follows: A wholly-owned subsidiary acquired Peru’s assets such as electricity distribution and distribution, and its core asset was Peruvian listed company LDS Company83.64% equity.The company purchased Sempra Energy, a company listed on the New York Stock Exchange, on the grain exchange and other assets through a wholly-owned subsidiary, Changdian International Bidding, and signed the Equity Acquisition Agreement on September 28.The underlying assets of this investment are 100% equity of SAB company held by Sempra Netherlands and approximately 50% of POC company.0% equity, of which the remaining 49 of the POC company.9% of the shares are held by SAB.The core assets owned by SAB and POC are LDS 83, a company listed on the Lima Stock Exchange.64% equity.The transaction base acquisition price was 35.9 billion US dollars, the final purchase price will be adjusted based on the basic purchase price based on the price adjustment mechanism.After the completion of the above acquisition, the remaining amount of LDS companies will be triggered no more than about 13.A mandatory tender offer of 7% of the shares. The tender offer price will be determined by an appraisal company designated by the Peruvian Securities Commission.After the completion of this investment, the company will indirectly hold LDS companies no less than 83.64% stake. Transaction price: The basic transaction amount is 35.9 billion US dollars, the final transaction amount will be determined based on the price adjustment mechanism.That is, on the delivery date, the initial purchase price required to be paid in advance for compensation is the base transaction price, plus the expected adjusted working capital, the adjusted net debt is expected in advance, and then the initial transaction cost is regained; after the delivery date, the replacement will be basedAudit the situation on the delivery date and determine the final purchase price based on the audit results on the delivery date.In order to meet the investment funding requirements, Changdian International intends to apply to an international syndicate 杭州桑拿 for financing of no more than 4 billion U.S. dollars, and the company intends to provide a guarantee for the above-mentioned financing of Changdian International. Payment method: The consideration for this transaction is paid in cash. Trigger the remaining 13.A 7% compulsory bid for shares is determined by a third-party independent valuation company.LDS is a listed company listed on the Lima Stock Exchange. SAB and POC jointly hold approximately 83 LDS companies.64% stake.After the completion of the acquisition, the remaining amount of LDS will be triggered no more than about 13.A mandatory tender offer of 7% of the shares. The tender offer price will be determined by a third-party independent evaluation company designated by the Peruvian Securities Commission.Within 4 months after the completion of the acquisition or within 5 working days after the third-party independent evaluation company issues an evaluation report (whichever is earlier), the POC company will issue an application to the Seed Securities Commission. Delivery conditions include federal anti-colonial review, supplementary financial bureau approvals, etc .: The main conditions for the acquisition and delivery include the company’s shareholder meeting, bill rebuttal review, alternative financial approvals such as the Financial Bureau, and other conventional delivery alternatives. LDS is currently the largest electric power company in Peru. It carries out distribution and sales of electricity in the capital Lima. It also has 100,000 kilowatts in production and 73.70,000 kilowatt reserve hydropower project.The core asset owned by SAB and POC is LDS. LDS was established in August 1996. The company is a company listed on the Lima Stock Exchange. It is currently the largest power company in Peru, mainly in the capital of Peru.The region’s distribution and distribution of electricity business, which accounts for about 28% of Peru’s national market, is an important public utility company in Peru.In addition to the power distribution business, LDS also has 100,000 kilowatts of hydropower assets in operation, and approximately 73.70,000 kilowatt hydropower reserve project.In the past three years, LDS has been operating better overall, with long-term stable profitability and abundant cash flow.LDS’s main business is the distribution of electricity under the supervision of the government. The return on investment is a reasonable allowable income approved by the government.Foreign exchange gains are denominated in U.S. dollars, and conversion fees are adjusted monthly based on exchange rate, long-term and other factors. LDS’s 2018 revenue9.$ 600 million, net profit1.6 billion US dollars, net assets 8.$ 100 million. Audited by Deloitte Touche Tohmatsu, as of December 31, 2018, the asset consolidation of LDS’s consolidated financial statements was approximately 17.700 million US dollars, net assets are about 8.1 billion US dollars, in 2018, the operating income of the LDS company’s consolidated financial statements is about 9.6 billion US dollars, net profit is about 1.6 billion dollars.According to the binding quote report issued by a third-party financial adviser, the estimated base date is December 31, 2019. Using the segment totalization method, the value of the underlying asset company is about US $ 4.3-5.1 billion and the equity value is 37?$ 4.5 billion. LDS’s revenue is mainly based on the electricity distribution business. In 2018, the main business income increased 4.6%, net profit grows by 15 per year.3%.Among the main business income in 2018, the distribution of electricity, generation and leasing accounted for 96.1%, 3.8%, 01%.Revenue from the electricity distribution business increased by 4 per year.2%.Among them, the electricity sales increase by 2 every year.5% to 91.4.5 billion kWh, the average electricity price increased by 1.0% to 0.0952 USD / kWh (equivalent to 0.68 RMB / kWh).With the increase in electricity sales and the rise in electricity sales prices, the company’s comprehensive gross profit margin for 2018 was 27.7% rose to 29.2%; With this, the company’s gross profit in 2018 increased by 10.2%.Net profit grows by 15 per year.3%. In 2018, in the LDS electricity sales structure, residents, commercial, industrial, and exchange customers (only exchange customers who do not sell electricity and charge customers) accounted for 32 respectively.8%, 24.6%, 6.8%, 31.5%.Among them, the sales volume of dispatch customers increased by 49 in 2018.6% is an increase in overall electricity sales2.5% of prime.The number of tons of carbonates sold by residents, businesses, and industries increased by 2.3%, -6.7%, -20.5%. LDS has strong profitability and superior cash acquisition ability.In 2018, LDS’s net profit margin started from 15.5% rose to 17.1%, diluted ROE from 18.2% rose to 19.6%.In 2018, LDS’s net cash flows from operating activities, investment activities, and financing activities were 1.70, -1.01, -0.$ 6.1 billion. Investment suggestion: The pioneer of the world’s hydropower industry, maintain a highly recommended level.For the time being, regardless of the impact of the acquisition of Peru’s electricity distribution assets on earnings, the company is expected to be in 2019EPS will remain at 1 in 2021.06 yuan, corresponding to 17 times the price-earnings ratio.The perpetual benefit is 0 and the WACC is 5.The assumption of 7%, Yangtze Power FCFF estimate is 22.97 yuan / share.The acquisition of high-quality power distribution assets reflects the company’s outstanding investment and financing capabilities, and provides new growth points for Wudongde and Baihetan before commissioning. Risk Warning: Peru ‘s progress in the purchase of electricity distribution assets may exceed expectations; water supply may be lower than expected; on-grid electricity prices may drop unexpectedly

Revenue / performance as a whole maintained a high growth rate, in line with market 天津夜网 expectations for 18 years to achieve revenue.

3.4 billion, an increase of 240.

1%, achieved performance 8.

8.6 billion, an increase of 65.

9%, deducting non-performance increased by 67%.

80%, basically in line with the Air Force Performance Express.

At the same time, the company achieved revenue of 13 in 19Q1.

1 trillion, the same increase of 63.

4%, performance 1.

2.2 billion, an increase of 36.

7%, continued to maintain beautiful growth.

The core business grew rapidly and steadily, and the monetization rate obviously stabilized. After removing the merger and acquisition effects for 18 years, the company’s revenue / performance increased by 38.

9/49.

1%, including core business brand licensing related income9.

300 million, an increase of 46.

1%, the overall GMV reached 205.

200 million successfully completed the goal, an increase of 65.

5%; Time Connect’s 18 years of contribution / performance are 23 respectively.

6%, the remaining three platforms have maintained rapid growth, of which Pinduoduo 18 years / 19Q1 growth of 150% / 95% rapid rise.

In terms of categories, the company’s former Democratic Party’s first-level categories have all entered the top ten of the Ali platform, and the scale of competition in the core market has been further consolidated.

In addition, the company continued to vigorously promote the expansion of new categories, and the brand authorization alliance system grew rapidly. The number of dealers increased by 759 to 4,186 in 18 years, and the number of corresponding online stores also increased significantly by 1093 to 5,535.To 866, the efficiency in the system has improved significantly.

In addition, Time Connect upstream tied high-quality traffic providers VIVO, Xiaomi, etc., and 西安耍耍网 revenue increased by about 70% in 19Q1, and the performance was flat compared with last year.

Risks indicate that the monetization rate is lower than expected, and third-party platform policies change. High growth momentum lasts, expansion deepens competition barriers, maintains the market share of “overweight” rating categories, and emerging categories achieve gradual growth, which is expected to obtain sustained high growth momentum. The company is expected to have EPS0 in 19-21.

When the baby is one year old, the phenomenon of boredom should eat some foods that we usually eat in daily life, but the foods we eat are also exquisite, and we ca n’t just eat them randomly. One-year-old babies can eat properlyPeanuts, but do n’t let whole three-year-olds chop peanuts, cut them into powders, and use them for porridge.

2. Wash the rice and peanut kernels thoroughly and put them into a rice cooker to cook porridge.

3. Add the pork liver and carrots to the pot, add the chicken broth, cook, and crush the tomato and spinach into the cooked peanut porridge.

Cook until the porridge is thick, season with salt and sesame oil.

Nutrition: The pig’s liver is rich in iron and is the most commonly used food in blood-supplementing foods. The consumption of pig liver can regulate and improve the physiological functions of the hematopoietic system in patients with anemia; pig liver is rich in vitamin A, which can maintain normal growth and reproductionIt can protect the eyes, maintain normal eyesight, prevent dry eyes, fatigue, maintain healthy skin, which is of great significance to the health of the skin; regular consumption of animal liver can supplement vitamin B2, which is an important coenzyme for the body and completes the body’s function.Detoxification of some toxic ingredients plays an important role.

Everyone knows that the sexual hobby is very difficult. In fact, the orgasm has a variety of health effects, such as reducing stress, reducing pain, eliminating depression, and improving brain power.

However, in real life, only 1/3 of women often get orgasm, and 1/10 of women never know what orgasm is.

What exactly prevents women from feeling orgasm?

The following experts summarize the “nine deadly sins” to prevent female orgasms. Let’s take a look together.

1. A survey of pretending to orgasm found that more than 70% of women said they had pretended to have orgasm.

However, Dr. Knowles, a sex consultant, said that as long as the woman pretends to have an orgasm, even if only once, the man may think that a certain way of sex is a trick to satisfy his wife, and it is tried and tested.

The daily diet of hypocalcemia patients needs reasonable choices, because the correct choice of some foods can better help improve the symptoms of hypocalcemia. There are common milk, yogurt, loach, kelp, peanuts, tofu, etc.Food is more suitable for friends with hypocalcemia.

You can choose your favorite food to eat according to your food hobby.

2. Do more sports.

Appropriate exercise can stretch the muscles, stimulate the bones strongly, strengthen blood circulation and metabolism, thereby reducing calcium loss, thereby reducing bone aging, and at the same time, it is beneficial to the body’s absorption of calcium in the diet.

3, eat a good breakfast, must be reasonable with food.

Eat early, eat lunch, and eat less late.

This makes sense.

4. Suck water on vegetables containing more oxalic acid to destroy oxalic acid before cooking.

Such as: cabbage, spinach, broccoli, amaranth, amaranth, snow cabbage, mustard, bamboo shoots, etc., and then eat it, which is conducive to the body’s absorption of calcium.

5. Get more sun.

Ultraviolet light can effectively promote the synthesis of vitamin D in the body and facilitate the absorption of calcium.

But ultraviolet rays cannot penetrate glass, so you can’t bask in the sun through glass.